Ceskoslovenskych Tankistov, Bratislava (II)
Secured bridge loan in Bratislava, Slovakia
- Start of investment period03.11.2021
- Start time12.10.2021 14:30
- Asset classIndustrial
- Investment typeDevelopment
- Investment end date30.09.2022
- Remaining term2 months
- Expected rate of return10% p.a.
- Expected cash yield%
- No of investors377
- Goal€138 900
With this investment opportunity, the Crowdestate investors have the opportunity to invest in a mortgage secured bridge loan in the amount of EUR 138,900.
The purpose of the loan is to provide operating capital for a well established construction company in Bratislava, Slovakia, Dekos Bratislava s.r.o. The Sponsor will use these funds to start new construction project in Bratislava.
The loan will be secured with a 1st. rank mortgage on the Dekos Bratislava’s property. The property is industrial real estate the Sponsor uses for its operations. The market value of the property is EUR 560,000. Previously, Crowdestate investors have invested in this project EUR 201,100. Accordingly, the loan-to-value ratio (LTV) of this project is 60%.
The Sponsor is committed to pay 10% yearly interest. There are no periodic interest payments.
This is a short-term investment opportunity. The principal and interest payments will be made as a bullet payment at the end of the 11-month loan period.
The loan will be repaid from the sponsor's operating revenues, from refinancing or from sales of the property.